AT&T CAPITAL CORP /DE/
424B3, 1995-01-18
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<PAGE>                        Filed Under Rule 424 (b)(3)
                              Registration Statement No. 33-54359

            SUPPLEMENT NO. 23 TO PROSPECTUS DATED JULY 7, 1994
                      (AS SUPPLEMENTED JULY 14, 1994)

AT&T CAPITAL CORPORATION

Medium Term Notes, Series 2

Due Nine Months or More From Date of Issue.

Issue Price: 100%
  (as a percent of principal amount)

                       Fixed and Floating Rate Notes

                                                  Interest Rate
Range of Maturities                                 Per Annum 
- -------------------                               -------------

From 9 months to less than 1 year ................... Float%

INITIAL FIXING DATE:          01/21/95

SETTLEMENT DATE:              01/23/95

MATURITY DATE:           01/23/96

INITIAL PAYMENT DATE:         04/24/95

DAYCOUNT:                ACTUAL/360

INDEX:                   FEDERAL FUNDS RATE - H15

COUPON RATE:             FED FUNDS PLUS 20 BPS

SOURCE:                  TELERATE PAGE 120, OR ITS SUCCESSOR PAGE

RESET FREQUENCY:              DAILY

PAYMENT FREQUENCY:       QUARTERLY

PAYMENT:                 THE 23RD OF APRIL, JULY, OCT., & MATURITY
                         MODIFIED

INTEREST DETERMINATION:       FOR THE PURPOSE OF CALCULATING THE COUPON RATE,
                              THE FED FUNDS RATE SHALL BE DETERMINED BY THE
                              DAILY FED FUNDS RATE H15 FROM THE SECOND
                              BUSINESS DAY PRECEDING EACH FED FUNDS INTEREST
                              RESET DATE.

Date of Sale:  January 13, 1995

Redemption:

     Check applicable sentence.
      X  The Notes cannot be redeemed prior to maturity
     ---
         The Notes may be redeemed prior to maturity
     ---
     Redemption Date:              Redemption Price:  
                     -----------                    ------------
                              (as a percent of principal amount)
Repayment:

     Check applicable sentence.  
      X  The Notes cannot be repaid prior to maturity.  
     ---
         The Notes may be repaid prior to maturity.
     ---
     Repayment Date:               Repayment Price:
                     ------------                   ------------
                              (as a percent of principal amount)



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